Beijing GeoEnviron Engineering & Technology, Inc. (603588.SH) has been selected as a designated supplier for the waste-to-energy project in Indonesia.

Beijing GeoEnviron Engineering & Technology, Inc. (603588.SH) announced that the company has recently received a notification from Indonesia's sovereign investment fund PT Danantara Investment Management, confirming that the company has been officially selected as a supplier for Indonesia's environmentally friendly waste-to-energy project. The company has outstanding comprehensive strength in the research and development of waste incineration power generation technology, equipment manufacturing, project investment, construction, and operation. Being selected as a supplier for Indonesia's waste incineration power generation project demonstrates the recognition from Indonesia's sovereign investment fund in the company's technical capabilities, financial management level, and project investment, construction, and operation management levels. This will help the company expand its waste incineration power generation business in Belt and Road countries, and further facilitate the expansion of the overseas waste incineration power generation market. The selection as a supplier will not have a direct impact on the company's financial condition and operating results in 2025.